At the weekend session, Gbpusd had a slight decline compared to Eurusd. Take a look at chart D1, Gbp fell to the critical support at 1.2908 and then recovered to 1.2990. Currently the price has closed at 1,2955 and higher than the closing price of four candles D1 of the previous day. As such, Gbp selling pressure has weakened, buying power has been overwhelmed by the US economic data and ECB QE is not released as expected, Gbp is more dominant than Eur and Usd, the ability Increasing through 1.3000 and advancing to 1.3200 in the following week was positive.
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